Shareholders in JSE-listed REITs, Gemgrow Properties  and Arrowhead Properties ( gave their stamp of approval at their respective shareholder meetings on Thursday, 22 August 2019 to the reverse takeover of Gemgrow by Arrowhead, launching a R16 billion (including listed investments), South Africa-focused property fund.

The North West agricultural town of Vryburg is set to get its first enclosed shopping mall with a new 20 000m² centre.

Strong December retail trade was recorded by the Flanagan & Gerard Property Development & Investment portfolio of shopping centres, with its top performing mall growing turnover by 18%.

Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.

Gemgrow has acquired, an effective economic interest of 95% in Moolgem, which comprises largely of a retail portfolio, totalling 26 properties in the Limpopo region, for approximately R628m, yielding 11.48%.

The company hosted a site walkabout to showcase this majestic development meant to transform the lives of the people of Mamelodi. 

Thavhani City, the major economic centre in Thohoyandou, Limpopo, has welcomed the opening of the first Builders Express in the region in its precinct.

Last year’s consumer spend left a lot to be desired. The fluctuating rand, economy as well as the political landscape may have affected the bottom lines of many retailers and shopping centres alike.

Since the 50,000sqm regional Thavhani Mall in Thohoyandou, Limpopo, opened its doors late last August, millions of shoppers have visited the mall. Based on their shopping habits and preferences the mall is adding three exciting restaurant brands to its mix.

Acsion Ltd is a dynamic property development and management company, which has successfully developed a retail portfolio of over 250,000m2, spanning Gauteng, Tshwane, Mpumalanga and Limpopo.